Relianceindustries
Reliance - Daily Chart & 1hrs chart Reliance - keep eye on daily chart breakout on RSI & daily chart channels Breakout
But own Sup & sl Must for rally
Educational purpose only
Buying Active in Reliance Entry above 100% and Could enter at 50%-61% zone.
Target 161% and 261%.
Stop Belove 38%
RELIANCE falling wedge patternWhat we can see in the chart is a falling wedge pattern. Currently the price is inside the pattern. We are expecting the price to get rejected at the upper boundary of the wedge and come back down to retest the support. After that we are expecting the pump and the break out to the upside.
MACD has a bullish crossover which is positive sign for bulls.
The target and the stop loss are shown in the chart. Enter the trade only when/if the price breaks out with the volume surge.
RELIANCE might open positive in morningReliance might open positive in tomorrow morning as per chart pattern, and rsi is in uptrend in 30 mnt 1hr timeframe....... and a long timeframe trendline is a strong support of it(weekly and daily time frame trendline)....
Would you be okay?Reliance clearly not able to sustain above the highs, and has been consolidating inside the Q2 range till now.
This indicates weakness, and hence expecting it to give a follow through to the downside.
PURE PRICE ACTION SERIES
SHORTED RELIANCE ON INTRA DAY BASIS MADE A PROFIT OF RS 5000/- BY SELLING FUTURES.
also trading in market is risky and even risky when you trade in derivatives like futures and options always follow a strict stop loss in trading.
Nifty Levels & Strategy for 15/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Nifty is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 ( bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level
Highest open interest on call side at 18100 (Shifted down from 18500 to 18100)
Highest open interest on put side at 17900 (Shifted down from 18000 to 17900)
BANK NIFTY
Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN , now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone.
Highest open interest on call side at 41500 (Shifted up from 41000 to 41500)
Highest open interest on put side at 40000 (Remained at same 40000 level)
Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
Conditional View on #RELIANCE My conditional view on NSE:RELIANCE
Entry level 2594
Stop loss : 2581
Target would be : 2644
Note: This is my personal view, only for learners.
Reliance Industries 15 Min chart Demand and Supply Levels.Reliance Industries 15 Min chart Demand and Supply Levels.
Bullish Supply Range ( Go Long) - INR 1,801/- to INR 1,840/-
(Blue Circle in Image)
Bearish Supply Range ( Go Short) -INR 1,880/- to INR 1,876/-
(Red Circle in Image)
#RelianceIndustries #Reliance #India #StockMarket
Suggested Move - Short atINR 1,880/- to INR 1,876/-
(Red Circle in Image)
#RelianceIndustries #Reliance #India #StockMarket
Reliance Industries (RIL) levels & Strategy for Next Few DaysDear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
RIL is trading near major support level. RIL is the biggest heavy weight stock in Nifty. Today Nifty closed in negative -216 points.
Today, RIL alone contributed 50 plus points (nearly 1/4 of the total fall in Nifty).
Is it going to reverse from here ? or
Will RIL continue to slide ? 1. After increase in Windfall Tax 2. Weakness in Crude Oil Prices
Please review & share your comments. as well.
Have a very happy, healthy & profitable day ahead!
Reliance reached near the resistanceFrom the past few attempts we could not see reliance breaking this resistance zone of 2660. Now again it has come to the zone this could lead the downside movement of price , opportunity to short
Reliance Idea for 24 August, 2022 - TradesetupSince this is the second time Reliance is entering the resistance, it is expected to breach the zone and
We can go long once Reliance crosses 2652. with a 10 rupee stop loss. The short term target is 2672. A Risk/Reward ratio of 2:1.
Reliance Short Term View (AUGUST 2022 Only)Stay Long Above 2613, T1 - 2663, T2 - 2715.55, T3 - 2777.50..... SL 2554
Short Below 2554, T1 - 2499, T2 - 2488, T3 - 2479, T4 - 2432...... SL 2600
reliance industriesso in reliance industries, there's forming a head & shoulder pattern we wait till it crosses the level of 2572 for the downside, then we can expect to short. and we will see a correction in nifty as well.
SRECR 80% UP : TARGET 400%HELLO TRADERS!
Trade setup was explained in the video in my channel a month ago. Trade worked as per my analysis and is up by almost 80%.
Target is 400%.
Rest details are in the chart.
Reliance IndReliance Ind possible to move up broken the LL trend.
Disc: Only for Education and Learning Purpose. Not a trading advice.
Reliance SellChart is self explanatory. It has atleast 4-5 valid reasons to go short. Supported with Wave analysis.
Reliance BuyBuy Reliance @2420 with a Stoploss below 2360 for a target of 2600, 2700 & 2800.
Testing Sep-2020 high. Made an Exhaustion move.
Downside to the strategy: Price below 200 DMA
Reliance Futures Key trading level 24th June 2022Reliance Futures Key trading level 24th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
RELIANCE weekly analysis-Taken Support from MA @2545NSE:RELIANCE Reliance is showing good strength on charts and it has taken good support at 2545 levels.
If this level is not broken on next week, we can see higher highs in Reliance, which would stay UP until Crude Oil prices continue to stay high @120$ per barrel.
Reliance's Impending Bear Implosion.Crude Oil Issues, Supply Constraints, Rate hikes by Banks, Rampant Inflation, And Sanctions.
These are just some of the factors which one has to consider while taking a Swing Trade or even Invest in today's market. The War may have triggered food inflation and Oil issues but the problem IS, Was, and always has been the 'Easy Money' philosophy of the United States "Fed" by way of Quantitative Easing, which in layman's terms means rampant printing of the Dollar.
Here without going into a Rant I'd just like to Explain a basic Economics Rule-
The law of supply and demand explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases, people are willing to supply more and demand less and vice versa when the price falls.
Now how does this Rule govern the market? Basically as price increases so does the supply, and the more supply there is, the lesser the price (or downward pressure).
2008 crash saw declines of 30-50% in the value of the stocks of Blue chip companies. Were they bad businesses? No. Did their businesses started Failing or Fell 50% ? No.
The economic policy behind the growth had imploded.
Oftentimes what happens is, Good Politics is Bad Economics
And such is the nature of markets. They rise and they fall so that new buyers can come in. Fresher Money draws in with new investors. And Bull Market fanatics get weeded out, by the grandeur and false prophecies of numbers just going one way.
"In Bear markets shares Return to their Rightful Owners."
Here lies the opportunity, if you are an investor and have made money in the bull market Congrats, but even the blind can do that. Real Market starts now. As a point, I'd like to mention that Rallies in Bear runs are gonna be the new normal now with stocks giving even more range and fooling people into Buying. "Dead Cat Bounces are the most epic. 12 of the top 20 Nasdaq 1-day Rallies happened during the 78% drop from 2000's top. 9 of the top 20 S&P 500 1-day rallies Happened During the 86% drop from the 1929 top.
Trying to predict and find the bottom would also be a fool's Errand as any low can easily be broken if the sentiment prevails. So folks, buckle up, It's gonna be a hell of a ride!
